Davenport Company buys Alpha-11 for $6 a gallon. At the end of distilling in Department A, Alpha-11 splits off into three products: Beta-1, Beta-2, and Beta-3. Davenport sells Beta-1 at the split-off point, with no further processing; it processes Beta-2 and Beta-3 further before they can be sold. Beta-2 is fused in Department B, and Beta-3 is solidified in Department C. Following is a summary of costs and other related data for the year ended November 30.

Davenport had no beginning inventories on hand at December 1 and no Alpha-11 on hand at the end of the year on November 30. All gallons on hand on November 30 were complete as to processing. Davenport uses the net realizable value method to allocate joint costs.
Required
Compute the following:
a. The net realizable value of Beta-1 for the year ended November 30.
b. The joint costs for the year ended November 30 to be allocated.
c. The cost of Beta-2 sold for the year ended November 30.
d. The value of the ending inventory for Beta-1.

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Department Cost of Alpha-11 (1) Distilling $720,000 (2) Fusing (3) Solidifying 180,000 $337,500 150,000 57500 $487,500 405,000 Beta-2 Beta-1 180,000 120,000 Products Beta-3 360,000 Gallons on hand at year-end 540,000 180,000